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Hong Kong flag carrier Cathay Pacific on Wednesday reported a massive net loss of HK$2.05 billion ($262.07 million) for the first half of the year as the airline struggled with intense competition from rivals. The results, which were worse than analysts predicted, came after Cathay saw its first annual loss in eight years in 2016, as lower cost Chinese carriers eat into its market share.read more

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Hong Kong Airlines is the second largest airline based in Hong Kong, after Cathay Pacific (and their Cathay Dragon subsidiary), which is no doubt most well known around the world. Hong Kong Airlines has a fleet of 34 Airbus A320 and...

Cathay Pacific said Wednesday its first-half net profit soared to HK$347 million ($44.77 million) on higher passenger demand, but the Hong Kong flag carrier warned of a "challenging" outlook as surging competition held down fares. "...

Hong Kong's troubled flagship airline Cathay Pacific on Wednesday posted its first annual loss since the height of the financial crisis as it was hit by "intense competition" and a drop in demand from business travellers. Companies ...